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Acar, E and Göç, Y (2011) Prediction of risk perception by owners’ psychological traits in small building contractors. Construction Management and Economics, 29(08), 841–52.

Henjewele, C, Sun, M and Fewings, P (2011) Critical parameters influencing value for money variations in PFI projects in the healthcare and transport sectors. Construction Management and Economics, 29(08), 825–39.

Hui, E C-M, Ng, I and Lau, O M-F (2011) Speculative bubbles in mass and luxury properties: an investigation of the Hong Kong residential market. Construction Management and Economics, 29(08), 781–93.

  • Type: Journal Article
  • Keywords: housing price bubble; luxury residential market; mass residential market; West specification test
  • ISBN/ISSN:
  • URL: http://www.tandfonline.com/doi/abs/10.1080/01446193.2011.610329
  • Abstract:
    Fluctuations in housing prices not only affect the financial well-being of corporations and households, but also influence the stability of economies. One of the results derived from such fluctuations is known as price bubbles. We aim to investigate whether such housing price bubbles did exist in two different residential markets of Hong Kong. The results indicate that there are bubbles in the Hong Kong housing markets before 2003, and later within the luxury market by 2008. As to what the government could do to curb speculative activities with regard to housing, the introduction of a capital gains tax on short-term transactions of flats as well as a higher housing supply are regarded as effective means.

Iyer, K C and Sagheer, M (2011) A real options based traffic risk mitigation model for build-operate-transfer highway projects in India. Construction Management and Economics, 29(08), 771–9.

Tabish, S Z S and Jha, K N (2011) Identification and evaluation of success factors for public construction projects. Construction Management and Economics, 29(08), 809–23.

Tsolas, I E (2011) Modelling profitability and effectiveness of Greek-listed construction firms: an integrated DEA and ratio analysis. Construction Management and Economics, 29(08), 795–807.

Williams, C C, Nadin, S J and Windebank, J (2011) Undeclared work in the European construction industry: evidence from a 2007 Eurobarometer survey. Construction Management and Economics, 29(08), 853–67.